Akira Mori Quotes

Japan, Businessman
July 12, 1936

Akira Mori is the president and CEO of Mori Trust, a real estate developer in Tokyo, Japan and an offshoot of Mori Building, the company his father Taikichiro Mori founded in 1959. Forbes estimates that as of 2013, he is the fourth-wealthiest person in Japan with a net worth of approximately $5 billion.

In my experience, in the real-estate business past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models.

Akira Mori
Today the strategies of many companies in the real estate industry are premised on low interest rates, an assumption that has resulted in the rapid expansion of the real estate securitization business. This trend could be regarded as a risk factor, as it exposes the real estate sector to at least three potential problems: first, interest rate hikes; second, revisions to securitization business accounting standards; and third, overheating in the real estate market.

Akira Mori